Nokia completes acquisition of Siemens' stake in joint venture

Finnish mobile major Nokia today said it has completed the acquisition of Siemens' 50 per cent stake in their joint venture, Nokia Siemens Networks, in a transaction valued at about $2.2 billion. "In accordance with this transaction, the Siemens name is being phased out from Nokia Siemens Networks' company name and branding. The new name and brand is Nokia Solutions and Networks, also referred to as NSN, which will be used also ...